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In whose math? Don't you think both are factors? And guess what--if you cut revenues (tax cuts), you will find yourself having to overspend just to maintain the same level of services. Cut services and you end up cutting jobs and creating unemployment, which raises the demand for unemployment insurance, which further taxes the budget. Who in their right mind would cut taxes??! We all know Reagan was becoming senile when he came up with that brilliant idea. And btw, check your history book. Deficit spending has been a permanent feature of the economy since FDR, and most of the administrations have been Republican. If it's such a big issue to the GOP, why didn't they address it during the Eisenhower, Nixon, Reagan or Bush I & II administrations?
"There is no Bush Jr." haha--that's funny. Did you really think we thought that's what his name was? It's shorthand for "the intellectually handicapped one".
On the two occasions when Republicans have controlled both houses of Congress, deficits have declined.
Anyone dumber than a dog wants to throw dirt at Obama for the deficit. It's not like when Obama stepped in the oval office the first time, we were a debt free nation. When W. Bush stepped in the oval office the first time, our deficit was at 5 trillion. Once W. Bush left, our deficit was at 12 trillion. Now we wonder where our money went during the W. Bush years.
Perhaps you haven't paid attention what happened for the past 5 years. It's like you were on a mental vacation in the Bahamas.
In whose math? Don't you think both are factors? And guess what--if you cut revenues (tax cuts), you will find yourself having to overspend just to maintain the same level of services. Cut services and you end up cutting jobs and creating unemployment, which raises the demand for unemployment insurance, which further taxes the budget. Who in their right mind would cut taxes??! We all know Reagan was becoming senile when he came up with that brilliant idea. And btw, check your history book. Deficit spending has been a permanent feature of the economy since FDR, and most of the administrations have been Republican. If it's such a big issue to the GOP, why didn't they address it during the Eisenhower, Nixon, Reagan or Bush I & II administrations?
Government revenue increased after the Reagan tax cuts and the Bush tax cuts. Cutting taxes helps the economy... who in their right mind would cut taxes? Those who want to help the economy!
I will also add that the Democratic-controlled Congress of the 1980s spent, on average, 2.8% more than Reagan asked for and 24.5% more over 8 years. And every budget-balanced Reagan proposed to Congress was declared DOA by Tip O'Neill.
Many believe that Obama was the cause for the deficit crisis. WRONG. Uneducated or uninformed believe Obama was the cause. Actually, Bush Jr. is to blame. First, with the spending for the wars in Afghanistan and in Iraq. Then, with all that bailout money to banks and private investors. When Bush Jr. started his presidency, the deficit was at 5 trillion, thanks to Reagan. After Bush Jr. left office, out deficit was at 12 trillion. Then, Obama had to spend money to help clean up the mess that Bush Jr. made.
Who really cares who racked up the most debt, Bush or Obama. They are both guilty. So wake up and find someone who is not into deficit spending, pretty simple. But it will never happen because it's already to late. Americans are nothing but a herd of sheep.
Guns and Ammo kids, it just might come in handy in the future.
Many believe that Obama was the cause for the deficit crisis. WRONG. Uneducated or uninformed believe Obama was the cause. Actually, Bush Jr. is to blame. First, with the spending for the wars in Afghanistan and in Iraq. Then, with all that bailout money to banks and private investors. When Bush Jr. started his presidency, the deficit was at 5 trillion, thanks to Reagan. After Bush Jr. left office, out deficit was at 12 trillion. Then, Obama had to spend money to help clean up the mess that Bush Jr. made.
Basically, Bush Jr. spent on the wars in Iraq and Afghanistan more than Obama spent in his presidency. Now you see where your tax dollars went when Bush Jr. was in office.
"Many believe that Obama was the cause for the deficit crisis." Really? Where did you come up with that gem?
Who voted to give Bush the authority and who voted for the funding for the wars on a continual basis?
Don't forget the Bush Jr. tax cuts that dug the economy deeper into debt. Crucial element, that.
You are wrong.
2006, 2007 and 2008 were the 3 biggest years in history for federal income tax revenue. That's right under George Bush the feds took in more in taxes than any president in history
W. Bush didn't cause the recession. The ones who bought homes and had to default on their mortgages were to blame. Banks failed so W. Bush had to bail them out or an economic collapse would occur.
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